Wealthy Europeans flee euro crisis and invest their cash in upmarket London homes - Daily Mail
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The falling value of the euro has seen a surge in wealthy Europeans investing in London property.
Upmarket estate agents in smart areas such as Mayfair in central London have reported a rise in Greek, Italian, Spanish and French buyers.
The ongoing eurozone crisis has meant those with the means to buy six- or seven-figure properties are looking to safeguard their money in the UK, as it is seen as a financially stable location.
Wealthy Europeans are escaping the instability of the eurozone crisis by investing their money in property in central London areas such as Mayfair
David Adams, managing director of Mayfair estate agents John Taylor told The Guardian there are now three safe havens for financial investment - gold, the Swiss franc and London property.
That seems to be backed up by estate agents Savills, who has seen a jump of 50 per cent in web searches on its site from Greece, compared with six months ago.
The company has also seen a rise in property searches from France (16 per cent), Spain (10 per cent) and Italy (nine per cent).
With a host of financial problems at home, wealthy Greeks are now in the top five nationalities of buyers in London. As the Greek economy has got worse and worse, more and more individuals have moved to London.
It seems the more instability there is in the eurozone, the more the London property market benefits.
Mayfair is popular with buyers from Greece, who are now in the top five nations buying property in London
It is not just financial problems that are driving Europeans to live in London, political instability or change is also having an effect.
Italians moving to London have complained about the way their home country is governed, and some wealthy French people have moved to London to escape the Socialist rule of Francois Hollande.
Despite property prices falling throughout Europe, and staying static in the rest of the UK over the past few years, the cost of buying a home in central London has continued rising since 2009.
Prices are now 50 per cent higher than in March 2009, at the height of the credit crunch, and they are even higher (by 12 pr cent) than the previous peak of property prices in March 2008.
Data has shown European buyers tend to stick to specific areas of central London when buying property.
Greeks buyers look for homes in Mayfair, Knightsbridge and South Kensington, with the French looking at the Kensington and South Kensington areas.
Italian buyers are snapping up homes in Kensington and Pimlico, whereas Spanish property investors are interested in Notting Hill, Pimlico and Kensington.
London is also attractive for foreign property investment because of relaxed legal and tax regimes.
London gets ready to party for the queen - Detroit Free Press
LONDON (USA TODAY) — This is a city ready to party, with all the pomp, patriotism and eccentricity it can muster. And boy, can it muster.
Queen Elizabeth II's four-day Diamond Jubilee celebration gets underway Saturday, and London could hardly be more prepared. Or cleaner.
Spiffed up and shiny, festooned with Union-Jack bunting everywhere, including around park trees, with the queen's smiling visage plastered on every teacup and flat surface in sight, this city knows it will not see a moment like this come again soon.
It's been 115 years since the United Kingdom celebrated the only other monarch, Queen Victoria, to reach 60 years in reign; it won't happen again in the lifetime of anyone alive today.
So a million or more Brits are likely to crowd the streets and the riverbanks of London this weekend to shout, "Well done, Ma'am!" to the 86-year-old great-granny who's spent six decades on their throne, currency and stamps, and in their hearts.
"I have a lot of respect for the queen. I appreciate her dignity, the way she holds things together," says Ruth Pritchard, 62, visiting from Wales where she lives on the same island where Prince William and his wife, Catherine, duchess of Cambridge, live. "(The queen) is a very spiritual person, too, and she's a good role model."
She was wandering in St. James's Park opposite Buckingham Palace on Friday, observing the crowds and watching a marching band of military bagpipers, red-coated soldiers in bearskin hats and mounted troops march down The Mall. Her daughter, Eirian Pritchard, 30, says even young people are paying more attention to the royals, thanks to Will and Kate. "I like a love story," she says. "And Kate seems quite nice."
American tourists Maria and Mike Granatosky of Orlando watched the passing parade of sightseers and the construction workers building the stage for Monday's star-studded concert. They were heading out of London on their long-planned vacation and to "avoid the crowds," but they were still impressed with the buzz around the jubilee. "She's not our queen, but it's important to people here," Maria says. "But it's nice to see all this (preparation) beforehand."
Apart from the genuine desire to celebrate Her Majesty, the Diamond Jubilee is official London's chance to practice for the next big thing to hit town, the 2012 Summer Olympics, opening in July. Crowd and traffic control, not to mention security issues, will be even more challenging during the games, which last longer and are likely to draw more international visitors than the more homegrown jubilee celebration.
Homegrown does not mean humdrum not from the British, justly famous for their ceremonial flourishes. People here are not only proud of the queen, they're proud of their national talent for expressing their pride.
The next few days will see public events that encompass history and modernity, the future of the monarchy and the celebration of all things British. There will be horse racing and river sailing, a star-packed concert, a church service and gilded coach procession, bell-ringing, beacon-lighting and an air force flight over the Buckingham Palace balcony.
Right beside the queen throughout will be her family, with all eyes especially on her grandson and second-in-line to the throne, Prince William, and Catherine, the new royal stars. The jubilee celebrates the queen and all she's done for the country for the past six decades, but she and everyone else here know that Will and Kate are the future.
The Thames River Pageant on Sunday afternoon is the signature theatrical event of the weekend, a bow to history and to the river that has played so central a role in the life of the nation and the monarchy. A million people are likely to line the riverbanks, and millions more will watch at home, as the queen sails down the Thames accompanied by a flotilla of 1,000 ships of all shapes and sizes.
She and close family, including Will and Kate, will be on The Spirit of Chartwell, a luxury river cruiser redecorated in antique style and equipped with tiny robotic cameras operated by the BBC. It's the first time so many senior royals will travel together in one boat. Other members of her family will be on other boats in the flotilla.
Just ahead of them will be Gloriana (as in the first Queen Elizabeth), a 94-foot barge hand-carved and decorated to resemble the sort of barges royals used to travel the river hundreds of years ago. Manned by 18 rowers, including Olympians, it's the first such barge built in more than a century.
"The River Thames used to be the place where royal pageantry took place, and it's not happened for hundreds of years," says pageant master Adrian Evans, a river advocate who came up with the idea and spent two years organizing it. Now the pageant has "really caught the popular mood. It's a one-off event, very unlikely to be done again, and people will say, 'I just have to be there.' "
As is usually the case with the British, there are wacky aspects to the jubilee, with a variety of eccentric ways to honor the queen: Marmite, the yeast-based spread the British unaccountably love, has temporarily renamed itself Ma'amite.
There's bunting draped across Sloane Square and flags at the subway entrances, which would be normal for any national celebration. A giant crown-shaped floral sculpture in St James's Park? Not so much. It tops 12 feet, weighs 5 tons and took five weeks to make in Cornwall using 13,500 individual plants, according to media reports here.
There's a newly updated wax figure of the queen at Madame Tussauds, which is standard fare for any celebrity these days. The tiny Lego figure of the queen with a diamond-encrusted crown set in a miniature model of Buckingham Palace is more unusual. It's at the Legoland theme park a few miles from Windsor Castle. Even more unusual is the sand sculpture of the seated queen by artist Nicola Wood at the seventh annual sand sculpture festival in Weston-Super-Mare, a town about 140 miles west of London.
Even Heathrow Airport got into the jubilee spirit, painting a giant Union Jack with a silhouette of the queen on one of the runways so passengers can see it as they fly in.
Once famously derided (by Napoleon, no less) as a nation of shopkeepers, Britain's retailers are once again in the full roar of souvenir selling mode, just as they were for last year's royal wedding. According to a survey by consumer savings site Moneysupermarket.com, jubilee shoppers could spent nearly twice as much as last year up to $1.3 billion during the jubilee weekend.
Some of that will be souvenirs lots of souvenirs. From the jubilee tea towels sold on the streets to the shop windows cluttered with queen-emblazoned ceramic plates and canvas totes, to the elegant china and other baubles sold by the Royal Collection (royalcollectionshop.co.uk, which helps fund the upkeep of the royal palaces and art collections), queen kitsch is flying out doors and across the Internet.
Diamond Jubilee key chains and teaspoons, cookies and chocolates, hats and jewelery, bells and whistles are for sale for a few pounds (or dollars from the likes of Amazon.com). For pricier fare, the Diamond Jubilee Limited Edition Loving Cup from the Royal Collection is sold out (at about $280), but the Tea Caddy is still available at the same price, and the sky-blue Velvet Cushion is only about $150.
Hotels are selling Diamond Jubilee packages, restaurants and hotels are offering special Diamond Jubilee luxury tea service, pubs are selling Diamond Jubilee beer. Skyscrapers, such as the building Altitude 360 on the river, are selling spectacular sky-high viewing spaces, complete with picnic hampers of Champagne and crumpets, to watch the river pageant Sunday (only $800 per person). A giant portrait of the queen, made of 3,120 little cakes, will be on display (and later consumed) at a festival at the riverside Battersea Park, where thousands are likely to watch when the pageant sails by.
And for true luxury shopping, there's the all important Diamond Jubilee shoes. British designer ArunaSeth, whose shoes have clad the tootsies of Kate Middleton's younger sister, paparazzi queen Pippa Middleton, has created a line of limited edition Swarovski crystal-covered wedges in royal blue with Union-Jack trim. They're at Harrods. Only $4,800.
"I wanted to design something that celebrates being really proud to be British," she says. "And what better way than a flag? But they're really comfortable, with Italian nappa leather padding. The queen could wear them."
The queen, a woman famous for her sensible shoes? Maybe not.
Copyright 2012 USA TODAY
Queen's Diamond Jubilee: Coronation gun salute rings out around London - Daily Telegraph
The salute, fired by The King's Troop, Royal Horse Artillery, coincided with gun salutes fired from official Saluting Points around the UK, including the Tower of London.
Stinger stops car driving wrong way down the M25 - Daily Telegraph
The two men, in their 20s, were arrested on suspicion of failing to stop for police, dangerous driving, theft of a motor vehicle and possession of a class B drug with intent to supply.
One of the men was taken to a nearby hospital with a shoulder wound. The other is in police custody. A police car suffered minor damage but no officers were injured.
Police are appealing for any witnesses who may have seen the Vauxhall driving on the either the A22 or M25 to come forward. The pursuit started at around 4.40am on June 2.
London 2012: Heathrow Airport has built a new terminal for athletes arriving for the Olympic Games - Daily Telegraph
Nick Cole, head of Olympic and Paralympic planning at Heathrow, said: "I am delighted to take over the Games Terminal, which will help us meet the challenge of record numbers of passengers and bags that we are expecting on the days after the closing ceremony."
The new Olympics Terminal has been officially handed over to Heathrow Airport's operators, BAA.
The temporary structure, put up in a staff car park, will cater for athletes and officials involved with London 2012 and be used for the three days after the closing ceremony on 12 August before being decommissioned.
London to be Bolt-ed - The Daily Star
Usain Bolt has promised to "wow" the world with his performances at the 2012 London Olympic Games.
The Jamaica sprinter is the reigning Olympic 100 metres and 200 metres champion after some dazzling displays in Beijing four years ago, where he also helped the Caribbean island in the 4x100m relay gold medal.
World record holder in both individual sprint disciplines, Bolt endured a relatively modest start to the European track season but was back into top form when winning the Rome Diamond League 100m in 9.76 seconds on Thursday.
"I know I can go faster because this is the start of the season. I have a long way to go," Bolt said in London on Friday, where he was launching Jamaica's Bob Marley-inspired kit.
"I'm really looking forward to competing here. I haven't competed in London for a while so I'm really looking forward to it."
Bolt said he would seek inspiration from London's Jamaican community, adding: "I know all the Jamaicans living here are looking forward to it also so I'm just preparing to put on a great show.
"At the end of the day I just want to wow people after this Olympics so I'm looking forward to it."
Asked whether he will need to improve on 9.76secs to win gold, and whether he can go faster, Bolt said: "That's what I do.
"The season is still early. Everybody is running 9.8 so that's good competition. 9.7 is also good for me.
"I'm happy with the way it is and just want to continue working hard and run faster so I'm looking forward to it. I'm ready to go."
Bolt 'only' managed a 10.04sec run in winning the 100m in Ostrava last week, but he said: "I never doubt my ability, never. People forget, and I keep explaining to people, that athletes have bad days.
"Every athlete can -- cricket, football, any sport -- you have bad days and that was just one of mine and I got past it and now I'm just moving forward."
Bolt's triple Olympic triumph in Beijing was powered on a diet of chicken nuggets -- but there will be no repeat of that in London.
"The good thing about the fact we are in London is there will be a lot of Jamaican food -- the only thing I have to worry about is putting on weight," he said.
"There will be no chicken nuggets this year."
The Jamaican kit was designed by Cedella Marley, who drew inspiration from her father and his music.
"We took the fit of what my dad would wear and updated it to 2012," Marley said.
"You have the Iron Lion military jacket, the Buffalo Soldier shirt. I tried to incorporate the Bob Marley fit in as many pieces as possible where we were able to accommodate that.
"You did see dad on the jacket, right? So that's a little piece of him that's going to be in London."
Pair held after 'wrong-way pursuit' - The Guardian
The driver arrived on Britain's busiest motorway using an exit sliproad and travelled about six miles up the hard shoulder in the opposite direction of traffic.
The black Vauxhall Astra was not stopped until it left the road at the next junction.
Earlier, at around 4.40am, it is said to have failed to stop for police on the A22 in Godstone, Surrey and was then followed on to the M25 at junction six.
A Surrey Police spokesman said: "It continued travelling in the opposite direction to traffic on the hard shoulder while police units followed from the other side.
"The vehicle was subject to a stinger activation and was eventually brought to a halt on the M26 in Kent where the occupants decamped."
The two men, in their 20s, were arrested on suspicion of failing to stop for police, dangerous driving, theft of a motor vehicle and possession of a class B drug with intent to supply.
One of the men was taken to a nearby hospital with a shoulder wound. The other is in police custody. No officers were injured.
Police are appealing for any witnesses who may have seen the Vauxhall driving on the either the A22 or M25 to come forward.
Anyone with information is asked to call the force's non-emergency 101 number, quoting reference TD/12/2410.
Copyright (c) Press Association Ltd. 2012, All Rights Reserved.
Any EU citizen buying property in this country should have it confiscated and the proceeds go towards paying us back for the constant bailouts we are giving the EU despite NOT being part of the shambles of the single currency. We have bailed out Greece, Ireland and Portugal now looks like we are going to have to give billions to Spain. - Keyboard Kowboy, From the Edge of The Abyss called England, 02/6/2012 19:05 ---------------------------------------------------------------------------------------------------------------- A post that is truly laughable for its stunning ignorance and stupidity.
- Phil, Sussex, 02/6/2012 19:40
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